Regulation & Compliance
PwC Must Face $1B Lawsuit Related for Role in MF Global Collapse: Judge
A federal judge on Wednesday rejected PricewaterhouseCoopers' request to dismiss a $1 billion lawsuit accusing the auditor of providing bad accounting advice that contributed to the October 2011 ...
ACE Takes Steps to Expand European Surety Business
ACE Group said it is launching a number of new surety products in the Netherlands, Belgium and Luxembourg, as part of a broader expansion of its surety capabilities in Europe. The new products will ...
More U.S. Corps. Moving to Avoid U.S. Taxes: Congress Study
Seventy-six U.S. corporations have shifted their tax domiciles out of the United States to other countries since 1983 to avoid U.S. taxes, with a sharp increase recently in such deals, a policy ...
S&P: Insurers Ideal to Fill Infrastructure Spending Gap
With an expected $500 billion per year gap in infrastructure funding through 2030, insurers are well situated to fill that financing void, Standard & Poor's asserted in a July 7 note. The ratings ...
Moody’s Sees Brazil’s New Insurer Audit Regs as Credit Positive
Rules that strengthen insurers' corporate governance are credit positive for Brazilian insurers there, analysts for Moody's Investors Service said in a commentary last week. The Moody's report by ...
14 P/C Insolvencies in 2013; Half RRGs: A.M. Best
A.M. Best announced its final tally of impairments for 2013 on Wednesday, counting just 14 for the year—the lowest level since 2007. The level was a little more than half the historical average and ...
Supreme Court Deals Blow to Madoff Victims
Victims of the Ponzi schemes of Bernard Madoff and Allen Stanford, two of the largest in U.S. history, suffered setbacks on Monday as the U.S. Supreme Court refused to hear appeals in two cases ...